Principal Financial Group Inc. bought a new position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,258 shares of the company's stock, valued at approximately $633,000. Principal Financial Group Inc. owned 0.11% of International Money Express as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of IMXI. Wellington Management Group LLP raised its stake in shares of International Money Express by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company's stock valued at $28,788,000 after purchasing an additional 109,293 shares during the period. Forager Capital Management LLC increased its position in shares of International Money Express by 27.1% during the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company's stock valued at $22,580,000 after buying an additional 260,000 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in shares of International Money Express by 17.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company's stock worth $18,396,000 after buying an additional 145,686 shares in the last quarter. New South Capital Management Inc. bought a new position in shares of International Money Express in the third quarter valued at approximately $17,055,000. Finally, LSV Asset Management grew its stake in International Money Express by 5.2% during the second quarter. LSV Asset Management now owns 728,977 shares of the company's stock valued at $15,192,000 after acquiring an additional 36,124 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.
International Money Express Price Performance
Shares of IMXI traded down $0.11 during midday trading on Monday, reaching $20.41. The stock had a trading volume of 115,266 shares, compared to its average volume of 124,589. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $634.75 million, a price-to-earnings ratio of 11.40 and a beta of 0.88. The company's 50-day moving average is $20.55 and its 200 day moving average is $19.46. International Money Express, Inc. has a 12-month low of $16.17 and a 12-month high of $23.28.
Analysts Set New Price Targets
Several analysts have issued reports on IMXI shares. Northland Securities increased their target price on shares of International Money Express from $23.00 to $27.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Monness Crespi & Hardt lowered their price objective on International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Oppenheimer began coverage on International Money Express in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. Needham & Company LLC raised their price target on International Money Express from $22.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets lifted their price target on International Money Express from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.00.
Check Out Our Latest Research Report on IMXI
International Money Express Company Profile
(
Free Report)
International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.
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